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Aruba's Second Phase Fiscal Reform Plans

19 September 2019

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Proposed Changes

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Aruba

Aruba's tax authority, together with the Ministry of Finance, reportedly held stakeholder meetings on 4 and 5 September 2019 to present the measures of the second phase of the government's fiscal reform plans. Planned measures include the following from 1 January 2020: The introduction of business turnover tax (BBO) at a rate of 6% on imported goods that is payable at import, with a possible deduction for wholesalers from BBO payable in their monthly return; The introduction of withholding taxes on management fees, interest, and royalty payments; and The extension of "sin taxes" to sweetened beverages. The government is also...